What is an Offshore Company?
In financial language, the term “offshore” is used to define any business or investment made outside the country of residence. In other words, an offshore company is a legal entity established in an Offshore Financial Centre (Offshore Jurisdiction).
Offshore Company, most commonly termed as International Business Company (IBC) or a Non-Resident Company, is a legal structure which provides a low/No-tax environment for an entity or an individual which in turn minimizes tax burdens and improves wealth management.
Offshore Company Setup
International Business Company (typically known as an Offshore Company) became the most attractive corporate structure for foreign investors and We found the most important benefits are providing the freedom for your commercial operations ease of running business and high level privacy especially when twinned with a Nominee Director. As a Tax free hub, Dubai is considered one of the most high renown places to register an offshore company for all of the above.
UAE21 Business Consultant and offshore company setups go hand in hand along with business registration in the Dubai, Ajman and Ras-al-Khaimah emirates in the UAE.
Our clients find Offshore company set-ups to be the best way of managing businesses as they offer the most tax-efficient strategies for entrepreneurs.
Offshore company registration in the UAE provides you with the real opportunity legally to raise profitability of your business, simplified reporting system, anonymity and confidentiality.
We will provide you the best solution to set up a new offshore company to optimize your business.
Why setup an Offshore company?
There are number of reason why so many private individuals and businesses incorporate an offshore company however followings are the main reason to setup an offshore company.
- Anonymity, confidentiality and the highest level of privacy protection
- Asset Protection
- No accountant costs
- Business can be conducted internationally (Invoice international clients)
- Corporate Bank Account
- Prestigious Registered that you can use our address for your offshore company
- Offshore company can act as an intermediary in any transactions of your Company with foreign Companies
Choosing the right Offshore authority
There are several important factors that should be taken in account before choosing right authority for an offshore company
- Ideal offshore authority should have an up to date and reliable banking and financial system that is well connected via modern and dependable communication lines
- Only those countries should be preferred where work ethics are followed through hard work, farsightedness and secrecy
- Time zone is also an important factor for businesses. Valuable time can be lost when dealing with locations across the globe
- We need to differentiate between “safe haven” and “tax shelters”. Countries like UAE and other GCC nations are ‘zero tax’ jurisdictions naturally
Why incorporate an Offshore company in UAE
Since the inception of offshore company formations in early 2003, the UAE has quickly emerged as the business hub of choice in the Middle East region and is proving itself to be well placed to being one of the most dynamic and fastest growing business and International Financial Centers Worldwide.
Benefits of UAE Offshore Company Formation
Uses of an Offshore Company
- International Trading
An offshore company can act as a trading entity, taking orders directly from customers while having goods shipped from manufacturers or suppliers straight to the customers. This model allows efficient international trade without the need for physical inventory handling locally. - Professional Services
Offshore companies are ideal for consultancy, advisory, and other professional services. They offer benefits such as simplified management and potentially reduced or zero taxation, depending on the jurisdiction. However, it’s important to comply with local regulations and economic substance requirements. - Property Holding Companies
Using an offshore company to hold property can help simplify inheritance processes and provide asset protection. Property ownership is transferred through shares of the offshore company, offering flexibility in ownership arrangements. Without such structures, properties and associated bank accounts may be subject to legal restrictions or freezes until court orders are obtained. - Investment Companies
Investors often use offshore companies to invest in various projects or assets privately. These entities allow for confidential investments, asset diversification, and potential tax planning advantages, subject to relevant regulations. - Intellectual Property Management
Intellectual property rights—such as copyrights, trademarks, and patents—can be registered under an offshore company. This facilitates easier management, transfer, buying, or selling of these assets while benefiting from offshore jurisdiction protections. - Holding Companies
Offshore companies can serve as holding companies, enabling individuals or groups to consolidate ownership and management of multiple businesses under one corporate structure. This setup can simplify administration and may provide tax efficiency, depending on jurisdictional laws. - Important Considerations
• Compliance: Offshore companies must adhere to the laws of their jurisdiction, including anti-money laundering (AML) regulations and economic substance rules.
• Trading Restrictions: Typically, offshore companies are prohibited from conducting business activities within the jurisdiction where they are registered.
• Local Advice: Laws and benefits vary by jurisdiction, so it’s essential to consult local legal and tax experts before incorporation.
Offshore Requirements
- Offshore company Must be incorporated under Offshore Company Laws and regulations of offshore jurisdictions
- There are three different offshore jurisdictions in UAE. All of these have their own registration authorities and they may require different documents for registration of offshore company
- Offshore company must not trade within the offshore authority
We’ve the Experienced To Do it The Rightway
- We have years of experience in the formation of all types of companies (including offshore companies) in all the emirates of UAE
- We have complete information and practical experience about the whole registration procedure for offshore company formation in UAE. It is helpful in speedy completion of the whole procedure without any nuisance
- We will assist you in handling all types of legal matters during and after the offshore company formation